Hong Kong, Shanghai stocks slump in early trade

V.Phani Kumar

HONG KONG (MarketWatch) -- Hong Kong stocks skidded lower early Thursday as global equity markets extended their sell-off and as Chinese markets opened to sharp losses as investors returned after a string of holidays. The Hang Seng Index
HSI, -0.79%
dropped 2.1% and the Hang Seng China Enterprises Index gave up 2.7%. China's Shanghai Composite
SHCOMP, -0.31%
fell 1.8% as markets reopened for the first time this week, in reaction to a string of downbeat economic data released over the past few days. Among the notable losers in Hong Kong, China Resources Land Ltd.
1109, -1.06%CRBJY, -1.15%
skidded 4.3%, China Shenhua Energy Co.
1088, -0.71%CSUAY, -3.78%
dropped 4.1% and New World Development Co.
0017, -1.37%NDVLY, -1.46%
lost 6.2%.

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